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On February 15, 2009, P.D. Stone obtained the following instrument from Astor Co. for $1,000. Stone was aware that Helco, Inc. disputed liability under the instrument because of an alleged breach by Astor of the referenced computer purchase agreement. On March 1, 2009, Willard Bank obtained the instrument from Stone for $3,900. Willard had no knowledge that Helco disputed liability under the instrument. The instrument is: Nonnegotiable, because the numerical amount differs from the written amount. Negotiable, when held by Astor, but nonnegotiable when held by Willard Bank. Negotiable, even though the maker has the right to extend the time for payment. Nonnegotiable, because of the reference to the computer purchase agreement. |